Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

The Mortgage Works Reduces Switcher Rates for Existing BTL Customers

The Mortgage Works (TMW) has announced reductions of up to 0.25% on selected buy-to-let (BTL) and limited company BTL switcher products for existing customers. The new rates will take effect from 27 June 2026.

For existing customers, the five-year fixed rate BTL product will be reduced by 0.15%, now standing at 4.44% with a £1,495 fee, available up to 65% loan to value (LTV). The two-year fixed rate BTL product will be set at 4.89% with no fee, also up to 65% LTV, reflecting a reduction of 0.1%.

For limited company landlords, the two-year fixed rate BTL product will be reduced by 0.2%, now at 5.74% with no fee, available up to 75% LTV.

These changes follow a series of recent rate cuts across some of TMW’s BTL and limited company BTL ranges. The lender states that these reductions are aimed at supporting existing landlord customers who are approaching the end of their current deals.

Letting agents and inventory clerks may wish to note these changes, as they could impact the mortgage options available to landlords considering refinancing or switching products.